I've made the mistake of holding too many times. Take profits when they are there and get out when you start losing so you can move on to the next trade!
This morning, I got out early on all 4 positions. It was $0 net gain for MITK, and total of $300 loss for both AXU and BTG. XGTI delivered a pleasant $250 gain on the morning spike. Got good positions on SYNC and LGCY getting shares at near-low support. My mistake is not cashing before the day ends, risking it for the morning spike tomorrow. Was trying to save my 3 day trade limits for a good dip buy tomorrow.
@Amanditulo : / yeah it sucks having to keep a pile of cash around and not use it, BUT you have to think of that pile as actually making you money because you are more liquid and able to respond to changes faster.
I've made the mistake of holding too many times. Take profits when they are there and get out when you start losing so you can move on to the next trade!
$ERX / $ERY for major oil producer moves (Exxon, Chess, Occidental, etc)
This morning, I got out early on all 4 positions. It was $0 net gain for MITK, and total of $300 loss for both AXU and BTG. XGTI delivered a pleasant $250 gain on the morning spike. Got good positions on SYNC and LGCY getting shares at near-low support. My mistake is not cashing before the day ends, risking it for the morning spike tomorrow. Was trying to save my 3 day trade limits for a good dip buy tomorrow.
@Amanditulo : / yeah it sucks having to keep a pile of cash around and not use it, BUT you have to think of that pile as actually making you money because you are more liquid and able to respond to changes faster.
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